Head of Binance Changpeng “CZ” Zhao calls for cryptocurrency industry players to set global standards following the bankruptcy of FTX.
Changpeng “CZ” Zhao, head of crypto exchange Binance Holdings Ltd., said the firm plans to spearhead an effort with other industry players to set global standards in the wake of the bankruptcy of rival FTX.
“We need to work very closely with regulators all around the world to make this industry more robust. There is a strong role for regulators to play but we can’t blame this on any single party.”Binance CEO Changpeng “CZ” Zhao says players in the crypto space need to “set strong standards for the industry” in the wake of the FTX collapse
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